Definition of Credit Score highlighted in yellow with felt tip pen
By Elizabeth Dexheimer

More U.S. banks may soon give free FICO credit scores to millions of card customers along with their monthly bills as Discover Financial Services (DFS) extends the offering to all of its cardholders.

FICO (FICO), formerly known as Fair Isaac Corp., is negotiating with some of the largest credit-card issuers, Anthony Sprauve, the San Jose, California-based firm's senior consumer-credit specialist, said in a phone interview, declining to identify the banks.

Discover, which began providing the scores to some clients in November, will now furnish them to all consumer cardholders, the lender said in an e-mailed statement.

'Jammed Space' on Statements

"It really does come down to the technology-implementation challenges," Sprauve said. "You're talking about millions of customers, a tremendous amount of data, and how do you squeeze more data in an already jammed space" on monthly statements, he said.

FICO scores are used in lending decisions, such as for issuing credit cards or setting interest rates on home loans, and are the most widely used credit-scoring formula in the U.S. They previously were available at a cost or through online trial subscriptions.

Barclaycard (BCS) and First National Bank of Omaha in Nebraska were the first to offer free FICO scores to some customers in November.

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I have a question, I went to a internet site for my credit scoreand it gave me one. Went to purchase a car and they said I had no score at all?? How can this happen.

April 24 2014 at 2:12 PM Report abuse rate up rate down Reply
Kevin Foster

Free Credit scores anyone?

February 14 2014 at 8:32 PM Report abuse rate up rate down Reply

I got mine from Navy Federal CU the other day....totally unsolicited. Amazed that it had gone down in five months since getting a mortgage through the same CU and paying automatically!

February 13 2014 at 7:46 PM Report abuse +1 rate up rate down Reply

Barclays huh? I thought it couldnt get worse than chase bank. All crooks really.

February 13 2014 at 6:42 PM Report abuse +1 rate up rate down Reply

I have a barclays card...used it once and never used it again. Has to be the worst credit card ever. If you take out a cash advance the ATM machine you use charges you, then Barclays charges you 8% for whatever amount you withdraw. What a scam.

February 13 2014 at 6:31 PM Report abuse +1 rate up rate down Reply

Washington Mutual did this years ago until they failed and were taken over by Chase. It was a nice added perk.

February 13 2014 at 6:15 PM Report abuse +1 rate up rate down Reply